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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- The fade in average hourly earnings puts the M/M measure at lowest since early 2022 (unrounded at 0.2371%), but worth noting the more pronounced fall in non-supervisory roles average hourly earnings - falling to the lowest since 2021.
- The Y/Y slowing in AHE more pronounced than headlines suggest also: 4.286% (rounded up to 4.3% for the headline) from 4.361% in July.
Figure 1: Non-supervisory AHE at lowest since '21
- Tick higher in participation rate also a surprise, a new post-pandemic best at 62.8%. Still 0.5ppts to go until pre-pandemic levels met at 63.3%.
Figure 2: Participation rate bumped higher, 0.5ppts from pre-pandemic levels
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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